Electric Off-Road Vehicles Market Size

Electric Off-Road Vehicles Market Size

The electric off-road vehicles market size was valued at USD 190.5 million in 2024 and is estimated to register a CAGR of 14.7% between 2025 and 2034. Increasing demand for environmentally sustainable solutions is anticipated to drive market growth. As global awareness of climate change and environmental degradation grows, consumers and businesses are seeking greener alternatives to traditional gasoline-powered vehicles. Electric off-road vehicles offer a compelling solution, as they produce zero emissions, reduce noise pollution, and have lower environmental impact compared to their combustion counterparts.

To support market growth market players are focusing on launching new vehicles in the market. For instance, in September 2023, Greenworks announced plans to launch a new battery-powered UTV, the 60-Volt Electric UTV designed for adventure and practicality. With a range of up to 20 miles on a single charge, this two-seat UTV features a top speed of 15 MPH and can carry up to 550 pounds on its electric dump bed or tow up to 500 pounds. Equipped with large turf tires and safety features, such as rollover protection, it offers both performance and safety for off-road excursions.
 

Rising popularity of eco-tourism and outdoor recreational activities is driving the market demand. As more people seek unique and sustainable travel experiences, electric off-road vehicles have become an ideal solution for exploring rugged terrains and remote landscapes while minimizing environmental impact. Many eco-tourism operators and off-road adventure parks are adopting electric vehicles to offer environmentally friendly alternatives for activities such as trail riding, overlanding, and wildlife tours. The quiet operation and zero emissions of electric off-road vehicles make them perfect for nature conservation areas and national parks.